Tom Brady’s Return Could Mean Huge Payouts for Some BettorsBetting
Tom Brady caused ripples throughout the entire sports world when he announced earlier this week that he would be returning to the Tampa Bay Buccaneers for another season. The future Hall of Fame quarterback retired for all of six weeks before making the decision to return to the field.
It wasn’t just Tampa Bay fans and NFL fans in general that celebrated Brady’s return, though. Some sports bettors are very happy that their future bets on the Bucs’ to win next season’s Super Bowl could have a huge payout.
But, some big NFL bets that were placed just hours before Brady announced he was returning to the field have a few sportsbooks questioning how it all came about.
Following a few days of speculation, Brady announced on February 1 that he would be retiring from football. It wasn’t a complete shock, since Brady is 44 years old.
He has played 23 seasons in the NFL, winning seven Super Bowl titles in 10 trips to the big game. He’s won five Super Bowl MVP awards and three regular season MVP awards.
In other words, there’s not much more left for Brady to accomplish in the NFL. Of course, he was probably hoping he could go out on top, with his team winning the title in his final year. That didn’t happen, though, as Brady’s Bucs lost to the eventual Super Bowl champions, the Los Angeles Rams, in the playoffs.
When Brady announced his retirement, he left a huge hole on the Buccaneers’ offense. Kyle Trask was the only other quarterback on the team’s roster, and there were plenty of players who were free agents who might have departed the team this offseason.
This all foreshadowed a pretty big step back for Tampa Bay in the 2022 NFL season. Most sportsbooks listed the Buccaneers with odds of 60-1 to win the Super Bowl and 30-1 to win the NFC.
That all changed rather quickly this week when Brady announced he would be un-retiring, but not before some respected bettors got their money in.
Just a day before Brady officially announced he would be returning, some well-respected sports bettors placed rather large wagers on the Buccaneers to win the Super Bowl and the NFC at those very high odds.
Jay Kornegay, who is the vice president of the Westgate SuperBook, said that his company lowered the Bucs’ odds to 25-1 to win the Super Bowl after that bettor placed a huge wager on them. But, the same bettor came back and put more money on the team at 25-1.
Over at the South Point sportsbook, Chris Andrews — the director there — said another big bettor placed big wagers on the Buccaneers to win the Super Bowl at their odds of 50-1. That same bettor then placed more wagers on Tampa at 30-1 and 25-1 once the sportsbook lowered the odds.
These big bets had the sportsbook operators questioning whether these bettors had inside information. In other words, Kornegay wondered aloud whether the bettor knew that Brady was going un-retire before he made the announcement public.
If that were the case, that bettor would have a huge advantage over the sportsbooks. He or she would be able to take advantage of the bloated odds that factored in Brady not playing for Tampa Bay next season.
The rest of the betting public will now have to settle for odds that sit around 5-1 to win the Super Bowl. That’s 10 times worse than the 50-1 odds some bettors were able to get just a few days before Brady made his return public knowledge.
This has created a huge liability for some sportsbooks that took large bets on the Bucs to win the Super Bowl and the NFC before Brady decided to return to the field for a 24th season.